6309 Monarch Park Place, Suite 203
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Phone (303) 443-5060
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With the completion of the daly acquisition, Agilisys expects to generate approximately $250 million in revenue in FY2005. The combined company will have 7500 customers and 1200 employees globally. Agilisys will also have approximately $45 million in cash on its balance sheet following the acquisition.
'daly.commerce has a strong customer base, an experienced management team, a proven product suite, and over 25 years of experience in providing software solutions to manufacturers and distributors,' said Jim Schaper, Chairman and CEO of Agilisys. 'The company has significant growth potential and technology that further enhances the depth of Agilisys' solutions, and this acquisition further demonstrates our commitment to adding high-quality brands with deep vertical market expertise to meet the essential needs of our customers.'
'Our acquisition by Agilisys will provide daly.commerce the financial backing and global infrastructure necessary to invest in our products, grow our business, and compete effectively on a long-term basis,' said Terrance Daly, CEO and Chairman of daly.commerce. 'Our customers, employees, partners, and company as a whole will benefit from the growth that will result from becoming part of a world-class organization like Agilisys. We are excited about the opportunities ahead and look forward to sharing them with our customers.'
daly.commerce brings with it a portfolio of solutions that provides comprehensive capabilities for distributors, including customer service, inventory management, CRM, warehouse management, financial management, and business intelligence. The company will continue its focus on serving distribution verticals such as industrial supplies, machinery and equipment, auto parts, manufactured consumer goods, industrial and fine paper, plumbing and heating supplies, medical equipment, and many more.
Agilisys focuses on selected vertical markets enables to provide solutions that solve problems and address industry-specific challenges. Agilisys customers include TRW, ArvinMeritor, TI Automotive Group, Magna International, Siemens Automotive Systems, Faurecia and Meridian, Denso, Dana, Cargill, Unilever, Heinz, Heineken, Godiva, Organon, Valvoline, GlaxoSmithKline, and Bristol Myers Squibb. daly.commerce, founded in 1977, is a producer of integrated solutions for supply chain management, which enable an integrated flow of information across all distribution processes. Customers include distributors of a wide array of products, nationally and internationally.